Price for Silicates; Commercial Alkali Metal Silicates in Thailand - 2023
Contents:
- Price for Silicates; Commercial Alkali Metal Silicates in Thailand (FOB) - 2023
- Price for Silicates; Commercial Alkali Metal Silicates in Thailand (CIF) - 2023
- Exports of Silicates; Commercial Alkali Metal Silicates in Thailand
- Imports of Silicates; Commercial Alkali Metal Silicates in Thailand
Price for Silicates; Commercial Alkali Metal Silicates in Thailand (FOB) - 2023
The average export price for silicates; commercial alkali metal silicateses stood at $782 per ton in September 2023, falling by -9.1% against the previous month. Overall, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 70% against the previous month. The export price peaked at $1,322 per ton in January 2023; however, from February 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In September 2023, the country with the highest price was Pakistan ($1,877 per ton), while the average price for exports to Indonesia ($385 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+3.2%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Silicates; Commercial Alkali Metal Silicates in Thailand (CIF) - 2023
In September 2023, the average import price for silicates; commercial alkali metal silicateses amounted to $977 per ton, increasing by 72% against the previous month. Over the period under review, the import price enjoyed mild growth. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 147% m-o-m. The import price peaked at $1,530 per ton in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Japan ($3,383 per ton), while the price for Malaysia ($379 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by China (+1.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Silicates; Commercial Alkali Metal Silicates in Thailand
For the fourth consecutive year, Thailand recorded growth in overseas shipments of silicates; commercial alkali metal silicateses, which increased by 77% to 26K tons in 2022. Over the period under review, exports continue to indicate significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, silicates; commercial alkali metal silicates exports skyrocketed to $23M in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Silicates; Commercial Alkali Metal Silicates in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 4.3 | 4.3 | 4.4 | 5.7 | 9.9% |
| Japan | N/A | 0.1 | 1.4 | 4.2 | 548.1% |
| Turkey | 1.4 | 1.8 | 1.8 | 3.7 | 38.3% |
| Bangladesh | 0.7 | 1.5 | 2.6 | 3.4 | 69.4% |
| Indonesia | 0.4 | 0.1 | 0.8 | 2.2 | 76.5% |
| Pakistan | 0.4 | 1.0 | 1.4 | 1.6 | 58.7% |
| Myanmar | N/A | N/A | 0.4 | 0.4 | 0.0% |
| Malaysia | 1.0 | 0.3 | 0.3 | 0.4 | -26.3% |
| Others | 0.3 | 0.4 | 1.2 | 1.1 | 54.2% |
| Total | 8.7 | 9.4 | 14.2 | 22.8 | 37.9% |
Top Export Markets for Silicates; Commercial Alkali Metal Silicates from Thailand in 2022:
- Japan (10.9K tons)
- Indonesia (4.0K tons)
- Vietnam (3.3K tons)
- Turkey (2.6K tons)
- Bangladesh (1.9K tons)
- Myanmar (1.0K tons)
- Pakistan (0.8K tons)
- Malaysia (0.7K tons)
Imports of Silicates; Commercial Alkali Metal Silicates in Thailand
In 2022, overseas purchases of silicates; commercial alkali metal silicateses increased by 48% to 10K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a deep contraction.
In value terms, silicates; commercial alkali metal silicates imports soared to $8.9M in 2022. Overall, imports, however, showed a relatively flat trend pattern.
| Import of Silicates; Commercial Alkali Metal Silicates in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4,492 | 1,896 | 1,701 | 3,633 | -6.8% |
| Japan | 1,491 | 1,685 | 2,276 | 1,996 | 10.2% |
| South Korea | 27.5 | 17.2 | 1,052 | 849 | 213.7% |
| Malaysia | 383 | 310 | 553 | 736 | 24.3% |
| United States | 644 | 224 | 186 | 411 | -13.9% |
| Taiwan (Chinese) | 292 | 51.4 | 259 | 339 | 5.1% |
| Netherlands | 171 | 217 | 333 | 202 | 5.7% |
| Indonesia | 625 | 38.3 | 67.6 | 90.9 | -47.4% |
| Others | 810 | 1,158 | 618 | 650 | -7.1% |
| Total | 8,935 | 5,596 | 7,046 | 8,908 | -0.1% |
Top Suppliers of Silicates; Commercial Alkali Metal Silicates to Thailand in 2022:
- Indonesia (undefinedK tons)
- China (6.7K tons)
- Malaysia (1.5K tons)
- Japan (0.7K tons)
- South Korea (0.3K tons)
- Netherlands (0.2K tons)
- Taiwan (Chinese) (0.2K tons)
- United States (0.2K tons)
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